The correct answer is 'True'.
(T / F) Assuming a company has not issued any preferred shares, the return on average
common stockholders' equity equals net income available to common stockholders
divided by average common stockholders' equity.
(T / F) Paid-in capital is presented in the stockholders' equity section of the balance
sheet. Each source of paid-in capital is listed separately.
(T / F) Extraordinary items are both usual and interesting in nature. Extraordinary items
appear on the income statement (net-of-tax effect) as part of "Income from continuing
(T / F) Income available to common stockholders is net income plus any dividends on